Two leases in Northern Texas are being combined to form the North End Unit.

Lease 1
 WI: 100% Lone Star Oil Co.
 RI: 1/8 Alice White
 1/9 Bob Green
 Acreage contributed: 950 acres
 Estimated net recoverable bbls: 350,000 bbls

Lease 2
 WI: 75% Prairie Oil Inc
 25% High Plains Ltd
 RI: 1/4 Carl Brown
 Acreage contributed: 700 acres
 Estimated net recoverable bbls: 450,000 bbls

Requirement:
 a. Determine the participation factors for each party assuming the participation factors are based on the acreage contributed.
 b. Determine the participation factors for each party assuming the participation factors are based on the net recoverable barrels contributed.
 c. Determine the participation factors for each party assuming the participation factors are based on the acreage contributed weighted 60% and the net recoverable barrels weighted 40%.